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News release

WASHINGTON, D.C.

Federal Partners Secures $40.4M in Financing from BB&T

JLL arranges financing for Liberty Center I, II and III in Chantilly, Virginia


WASHINGTON, D.C., March 2, 2015 — JLL's Capital Markets experts announced today that they arranged financing in the amount of $40.4 million on behalf of Federal Partners. BB&T provided the seven year loan for the three-building, 409,478-square-foot Class A office portfolio.

Liberty Center I, II and III are located in the prestigious Westfields Corporate Center, Fairfax County's premier office park development and the preferred location for cybersecurity and defense-related industry tenants. The properties are leased to three investment-grade tenants. All three properties feature enhanced security features, audio-visual capabilities and SCIF space necessary to conduct business with government intelligence agencies.

Executive Vice President Jon Goldstein, Managing Director Wesley Boatwright and Executive Vice President Mike Yavinsky led the JLL team on this transaction.

"The portfolio's outstanding tenancy, prominent location within Westfields Corporate Center and exceptional sponsorship were all factors that generated significant lender interest," commented Jon Goldstein. "Ultimately, BB&T was selected because it offered the optimal combination of loan terms and flexibility."

About Federal Partners
Federal Partners is a co-investment joint venture between Spaulding & Slye Investments and one of the nation's largest pension funds in the United States.  Established in 2004, the objective of Federal Partners is to acquire US Federal Government and government contractor leased properties throughout the United States.

About JLL Capital Markets
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 1,700 specialists, operating all over the globe.

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About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​